Pakistan's Federal Board of Revenue has published a notice on income tax proposals for Budget 2023-24. This includes that the FBR is seeking input on proposals for the Finance Bill 2023 in the following policy areas:

• Broadening of the tax base for wider participation in revenue generation efforts;
• Taxation of real Income on a progressive basis;
• Phasing out tax concessions and exemptions;
• Removal of tax distortions and anomalies;
• Facilitation of taxpayers and ease of doing business; and
• Promoting equity in taxation by introducing measures where the incidence of tax is higher on affluent classes.

The policy areas identified above are just illustrative and not exhaustive. Proposals regarding the above and other areas may be submitted up to 27 February 2023.